In: Statistics and Probability
If n =400 and X = 140, construct a 99% confidence interval estimate for the population proportion.
? ≤ π ≤ ?
(Round to four decimal places as needed.)
Solution :
Given that,
Point estimate = sample proportion = = x / n = 140 / 400 = 0.350
1 - = 1 - 0.350 = 0.65
Z/2 = 2.576
Margin of error = E = Z / 2 * (( * (1 - )) / n)
= 2.576 * (((0.350 * 0.65) / 400)
Margin of error = E = 0.0614
A 99% confidence interval for population proportion p is ,
- E π + E
0.350 - 0.0614 π 0.350 + 0.0614
0.2886 π 0.4114